ASX Morning Summary 23/10/13

Better data outcomes and continued monetary policy accommodation continue to underpin European stocks and it’s now 9 straight days up for the EuroStoxx600 whilst the German Dax has today hit record levels. The EuroStoxx600 ended up 0.45%. Across the Atlantic bad news is still obviously good news with a tepid U.S. employment report bolstering stocks […]

ASX Morning Summary 20/10/13

European stock indexes extended gains into a 7th straight day, the longest winning streak this year, buoyed by the U.S. debt deal. The EuroStoxx600 climbed 0.79% on the day cementing a gain of 2.2% on the week in the process closing at the highest level since June 2008. Stateside, markets were lifted by upbeat corporate […]

Morning ASX Summary 14/10/13

European shares were held back by a wobble in European tech stocks and of course the continuing U.S. debt ceiling saga. U.S. stocks fared a touch better (albeit in holiday thinned trade), erasing early losses to finish up for a 4th straight day after top lawmakers said they are nearing a deal to raise the […]

Morning Market Summary

Investors remained optimistic Friday on a potential solution for the U.S. government shutdown/debt ceiling brouhaha with stocks putting in a moderately strong session following Thursday’s outsized gains. The market was cheered as negotiations appear to have taken on a greater urgency, and in the court of public opinion, the Republicans are under pressure and are […]

Morning Market Summary

Shutdown day 10 – A conversation. News that the Republicans would consider agreeing to a short term increase in the U.S. government’s borrowing authority lit a fire under northern hemisphere markets. European stocks rose the most in 2 months whilst the S&P500 had its best day of the year since late January. The EuroStoxx600 rose […]

AM Market Summary 25/2/13

US stocks turned upwards on Friday as positive economic data emerged from Europe and some comforting comments came from St Louis Fed President James Bullard, as he clarified in an interview that the main message of his earlier speech was that the Fed’s easy monetary policy is “going to stay for a long time”. While […]

AM Market Summary 21/2/13

US stocks opened lower and extended losses into the close, with minutes from the last FOMC meeting highlighting a divergence between the Fed’s central bankers on whether to ease QE measures. Although not too harsh in its wording, the statement did disappoint those who were expecting the Fed to be more supportive of maintaining the […]

AM Market Summary 19/2/13

US exchanges were closed for President’s Day, which is a federal holiday celebrated on the third Monday in February in honour of George Washington, the first President of the US. Normal exchange hours and trading will take place today. European Stocks finished near the flatline, with French, German and Swedish indices posting upside in the […]

AM Market Summary 18/02/13

US stocks fluctuated, with the market posting modest gains out of the open before losing momentum and then heading into negative territory. The S&P 500 snapped a three-advance as industrial production posted a surprise contraction last month as factories took a breather post the biggest back-to-back gain in three decades. Still the S&P 500 rallied […]

PM Market Summary 15/2/13

Australia’s S&P/ASX 200 consolidated today on light volumes, with the index posting light losses out of the open and then climbing steadily throughout the rest of the day to finish almost flat. The index faces potential hurdles from European and U.S. economic data tonight as ECB’s Mario Draghi will speak in Moscow, The Euro-zone will […]